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MarketScreener Homepage  >  Equities  >  CANADIAN NATIONAL STOCK EXCHANGE  >  Auxico Resources Canada Inc    AUAG   CA05334L1094

AUXICO RESOURCES CANADA INC

(AUAG)
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Auxico Resources Canada : Closes Private Placement

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02/11/2019 | 12:58pm EST

MONTREAL, Feb. 11, 2019 (GLOBE NEWSWIRE) -- Auxico Resources Canada Inc. (CSE: AUAG) is pleased to announce that it has completed a non-brokered private placement of 2,000,000 units (“Units”), issued at a price of $0.20 per Unit, for gross proceeds of $400,000.  Each unit consists of one common share (a “Share”) and one-half transferable common share purchase warrant (“Warrant”).  Each full Warrant entitles the holder to acquire one additional Share of the Company at a price of $0.40 per Share for two years from the date of issuance.

The Company paid finder’s fees of $28,000 in connection with the private placement. All Shares issued pursuant to the private placement are subject to a four-month hold period in Canada. 

The net proceeds of the private placement will be used for evaluating coltan opportunities in Colombia and Brazil, as well as for general working capital purposes.

ON BEHALF OF THE BOARD OF DIRECTORS
  
« signed »
Pierre Gauthier
CEO, Auxico Resources Canada Inc.
pg@auxicoresources.com
Cell: +1 514 299 0881 
« signed »
Mark Billings
President, Auxico Resources Canada Inc.
mb@auxicoresources.com
Cell: +1 514 296 1641

About Auxico Resources Canada Inc.

Auxico Resources Canada Inc. (“Auxico”) is a Canadian company that was founded in 2014 and based in Montreal. Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia and Mexico.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Source: Ressources Auxico Canada inc.

2019 GlobeNewswire, Inc., source Press Releases

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Managers
NameTitle
Mark Anthony Billings President & Director
Jacques Arsenault Chief Financial Officer
Marc A. Filion Independent Director
Kenneth Reginald Dawson West Director
Michel Lebeuf Secretary
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